As you prepare for the various contingencies that you may face as a senior citizen you should certainly understand the fact that living assistance can be very expensive. Nursing home costs have gone through the roof, and even if you are able to stay at home with the assistance of a paid caregiver you are going to be incurring some significant expenses.
Most people are going to need all the assistance that they can possibly get, especially when you consider the fact that you will probably be living on a fixed income as an elder.
Those who served in the Armed Forces are potentially eligible for a very valuable benefit that can help defray assisted living costs in the form of the Veterans Aid & Attendance special pension.
It may mildly surprise you to hear that the length of service requirement to become eligible is just 90 days, with even as few as one of these days taking place during a time of war.
You also have to prove that you do in fact need help with your day-to-day needs, things such as eating, bathing, taking medications and tending to other health care issues, household chores, etc.
Currently a single veteran who is eligible for the Veterans Aid & Attendance special pension may receive as much as $1732 each month to help with costs incurred due to the need for living assistance. This can go a long way toward making ends meet when you are a United States veteran who is in need of a helping hand.
- Attorneys Want to Help - December 14, 2016
- Trusts and the Estate Tax - December 14, 2016
- What Is a Third Party Special Needs Trust? - December 14, 2016
